Hello
Does anyone know if it would be possible to create an indicator which would give the gradient of the moving average (the shortest)?
I believe that the probability of success is higher when the MA gradient is low (in a given range) for a certain period. Low gradient implies that the market has been through a phase of consolidation and a crossing should confirm the breakout. However I still need to back test this idea.
Thank you for your help
Does anyone know if it would be possible to create an indicator which would give the gradient of the moving average (the shortest)?
I believe that the probability of success is higher when the MA gradient is low (in a given range) for a certain period. Low gradient implies that the market has been through a phase of consolidation and a crossing should confirm the breakout. However I still need to back test this idea.
Thank you for your help